By John Otini Kenya has taken a decisive step toward reshaping how it finances environmental conservation, with the launch of the Biodiversity Finance Initiative (BIOFIN), a programme designed to unlock up to $150 billion in nature-related funding over the next decade. Spearheaded by the United Nations Development Programme in partnership with the Government of Kenya, the initiative seeks to close a persistent financing gap that has long undermined biodiversity protection efforts, even as environmental degradation accelerates across the country. The stakes are high. Nearly half of Kenya’s economy—about 48 percent of GDP—depends directly on natural ecosystems, from agriculture and tourism to energy. At…
Author: NBM CORRESPONDENT
World Athletics has rejected the applications of 11 elite athletes to switch their nationality to Turkey. The governing body said the requests were “part of a coordinated recruitment strategy” by the country’s government “to attract overseas athletes through lucrative contracts”. The 11 athletes included five Kenyans – including former women’s marathon world record-holder Brigid Kosgei – four Jamaicans, a Nigerian and a Russian. Roje Stona, who won Olympic men’s discus gold for Jamaica in 2024, was also one of the group. Turkey failed to win any golds among its eight medals at the 2024 Games in Paris. World Athletics said…
Family Bank Group recorded strong financial performance for the year ended 2025, posting significant growth in profitability, assets, and customer deposits. The results were announced during a media briefing held in Nairobi on March 30, 2026, highlighting the bank’s continued expansion and improved financial stability. According to the financial results, the bank’s profit after tax increased significantly from KES 3.5 billion to KES 5.4 billion for the year ended 2025, representing growth of 55.4 percent. Profit before tax also recorded notable growth, rising by 61.6 percent to KES 6.3 billion. The strong performance was largely supported by growth in interest-earning…
The government has expressed confidence on meeting key Confederation of African Football (CAF) deadlines in regards to hosting Africa Cup of Nations (AFCON) next year. The Principal Secretary in the State Department for Sports Elijah Mwangi said there was adequate time provided by CAF to Kenya to comply with key requirements chief among them the payment of ksh 3.9 billion as requisite hosting fee. While giving a brief on the status of Kenya’s preparedness for AFCON, the PS stated that the discussions between the department and Parliamentary Committee on Sports and Culture resolved to write and request the National Treasury…
Ethiopian athletics legend Haile Gebreselassie and reigning world marathon champion Alphonce Simbu will be the chief guests at the 22nd edition of the Sports Personality of the Year (SOYA) Awards set for April 10 at Uhuru Gardens. Speaking during the media launch on Wednesday, SOYA founder Paul Tergat said inviting the two stars aligns with a broader vision to expand the awards beyond Kenya. “Under our 2025–2030 strategy, we see SOYA growing into the East African region and beyond, establishing a platform that reflects the potential and strength of African sport,” said Tergat. Gebreselassie remains one of the most decorated…
At the 2026 edition of Mobile World Congress, TECNO signaled an ambitious push to reposition itself at the intersection of artificial intelligence, imaging technology, and lifestyle design, unveiling a new generation of devices anchored on its “Practical AI for All” philosophy. The headline act was the CAMON 50 Series, a flagship smartphone lineup that underscores the brand’s growing focus on AI-powered imaging and user-centric design for emerging markets such as Kenya. The series introduces three models targeting a wide spectrum of users—from everyday smartphone consumers to content creators and photography enthusiasts—while maintaining a strong emphasis on affordability. The devices leverage…
The wait is over. The March 2026 edition of Nairobi Business Monthly is hot off the press, and we are peeling back the layers on the biggest stories impacting your wallet, your business, and the future of the Kenyan economy. From the surprising resilience of the Kenyan Shilling to the real cost of borrowing from top-tier banks, this issue is packed with the data-driven journalism and exclusive insights you rely on. Here is a sneak peek of what’s inside this month’s must-read issue: Inside the March 2026 Issue: COVER STORY: The Shilling & The Gold Rush While global markets tumble amid the…
By Njeri Kagwe Public relations professionals in Kenya are operating in a far more demanding environment than ever before, where reputational risk is shaped not only by headlines and public sentiment, but also by the law. Beyond the familiar guardrails of the PR Code of Ethics, the Media Council Act and the Consumer Protection Act, communications leaders must contend with two fast-rising areas of exposure: data protection and intellectual property. These are no longer issues to address after a campaign has gone live or once a crisis erupts, but governance priorities that determine whether an organization can build trust, protect…
The dust settled on another thrilling edition of the legendary Safari Rally Kenya as the third round of the 2026 FIA World Rally Championship (WRC) concluded Sunday amid scenes of celebration across the Rift Valley. Japan’s Takamoto Katsuta and co-driver Aaron Johnston secured a historic maiden victory in the WRC, conquering the brutal terrain after four days of high drama on the toughest gravel rally in the world. The Toyota Gazoo Racing (TGR) WRT pair inherited the lead during a chaotic Saturday morning when multiple frontrunners retired in the killer Sleeping Warrior stage. TGR team-mates Oliver Solberg, Sébastien Ogier and…
State fuel transporter debuts as one of the largest firms on the Nairobi bourse after the government sells a 65% stake through a historic IPO. The Kenya Pipeline Company (KPC) has officially begun trading its shares on the Nairobi Securities Exchange (NSE), marking a historic moment for Kenya’s capital markets as the state-owned fuel transporter enters the stock market with a market capitalization of about Sh163.6 billion. The listing follows a successful initial public offering (IPO) in which the Kenyan government sold a 65 percent stake in the company to investors, raising approximately Sh106.3 billion — one of the largest…
